Trump's war on Iran "is contaminating everything", from fuel to inflation, and "there is no prospect of a quick outcome"

CNN Portugal1 September 2026 at 11:10

Pedro Santos Guerreiro, executive director of CNN Portugal, analyses the impact of the war in Iran on petroleum products and global inflation. The conflict is significantly affecting fuel markets.

According to the analysis, the situation in Iran is "contaminating everything", covering everything from fuel prices to inflation in various sectors. There is no prospect of a quick resolution to this conflict.

Pedro Santos Guerreiro also comments on the evolution of the Portuguese economy, which accelerated by 0.8% in the second quarter. This analysis comes in the context of geopolitical tensions affecting international markets.

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Trump's war on Iran "is contaminating everything", from fuel to inflation, and "there is no prospect of a quick outcome"

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